Midwest startup accelerator gener8tor announced today that it has selected five companies to participate in its first OnRamp Insurance Accelerator, a new program in partnership with two Twin Cities insurance giants: Allianz Life Ventures and Securian Financial.
The five companies in the first cohort were chosen from a pool of 545 applicants, gener8tor said in a statement. Each of the selected startups will receive a cash investment of $100,000, office space and access to gener8tor’s network of mentors and investors. OnRamp kicked off on June 6 and will culminate with a demo day at the end of August.
Gener8tor first announced the OnRamp program in November. Allianz and Securian are big players in the insurtech space. St. Paul-based Securian Financial provides insurance, investment and retirement plans to families and individuals. Golden Valley-based Allianz Life Insurance Co.’s venture arm makes investments in North American insurance startups and backs these companies in all investment stages from seed to growth.
The OnRamp Accelerator is led by Pooja Shah, who previously was an associate at QBE Ventures in Sun Prairie, Wisc. The program will operate out of gener8tor’s new Twin Cities offices at WeWork Uptown and Osborn 370 in St. Paul.
Here are the companies in the first OnRamp Insurance Accelerator cohort: